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 Replies: 16 / Views: 2,695 |
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New Member
United States
39 Posts |
This past week I have noticed that Canadian cents are
slightly rising in the American coin circulation. I have
found at least 5 this past week. And the week before I
found 3. And today I already had gotten 2. Now I am wanting
to know how are more and more of these cents coming into
our circulation? Will this Canadian Cent increase in the
American circulation?
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Pillar of the Community
Canada
3167 Posts |
Hmm... must be because of the removal of our cent, people are spending them down there?
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Pillar of the Community
United States
4212 Posts |
Noah & I are thinking along similar lines today.
If there has been an increase, I believe it will taper & practically stop soon.
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Bedrock of the Community
 United States
12804 Posts |
Interesting but that's not a particularly large sample set you're working with. Do you work in a bank or perhaps retail? What part of the country do you live in?
I never see Canadian cents in Texas unless I'm coin roll hunting, and then it's about 1 per box.
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Valued Member
53 Posts |
Up here in new england I have always gotten loads of canadians since the early 2000s when I started collecting in ten rolls sometimes I will find 20 of them sometimes more sometimes less it always depends !! but with the removal of the canadian cent I would say it has been making them pop up more when they are spent by canadians in maine and other states bordering canada !!
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Pillar of the Community
United States
2077 Posts |
Do Canadian banks accept them, or do they actually have no value whatsoever?
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Pillar of the Community
Canada
4227 Posts |
They are still very much legal tender in Canada. Banks will accept them... businesses don't have to if they don't so wish.
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Pillar of the Community
Canada
3167 Posts |
Yup, so I guess the reason people will spend them in the US is if they are traveling there anyways.
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Valued Member
United States
395 Posts |
In FL there are tons of Canadian visitors and snow birds. I get a ton but always attribute it to that. I have a jug of Canadians just from this year. One rainy day ill go through them when I learn what I'm looking for :)
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Pillar of the Community
Canada
2805 Posts |
Businesses can refuse them, but in Canada I think you can legally refuse any methods of payment - hence the commonly seen sign on tills "NO $50 OR $100 PLEASE". Those signs could just as easily say "No loonies or dimes, please", but of course nobody would put up with that. I know a few businesses that refused pennies for years before their elimination - I guess the zinc planchet manufacturers can only lobby so far!
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Pillar of the Community
United States
996 Posts |
I tend to find mostly older copper Canadian cents here in the Midwest, I think the Coinstar and other coin counters weed out the magnetic coins.
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Pillar of the Community
708 Posts |
Quote:
I think the Coinstar and other coin counters weed out the magnetic coins. I believe you are correct. I seem to remember many CoinStar machines having signs on them that said "No Eisenhower dollar coins OR "1943 steel pennies". (You would think that CoinStar machines would be the ONE vending machine that would be set up to accept Ikes (and maybe even steel pennies), just because people have probably dumped Ikes in the counting tray, as well as steelies, without knowing those Ikes or steelies were mixed in with their other coins. I believe CoinStar's also reject "silver" coinage, but that may be a good thing, to alert someone that they've got something worth while.  |
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Pillar of the Community
United States
996 Posts |
The Ikes are rejected by CoinStar due to size, since they are almost never used in regular circulation there is no reason to include that size coin in the workings. Most Ikes that come into circulation these days are turned in at banks and stores after being discovered in Grandma's coffee can...
The steel cents are caught by the magnet, as American coins other than the 43 cent were never magnetic. This is a good way of weeding out Canadian and other country's coins. Should the USA switch to steel for coins like Canada then it is likely that more Canadian coins will wind up accepted into the system via CoinStar and other mechanical sorters.
As for silver coins, I too have noticed this. While I never put a silver coin through the machine (duh!) I have found a few in the reject bin. Once I even found one in the reject bin after I ran a hundred or so dollars worth of change thru, I suspect it was still in the workings when I started since I know there was nothing in the bin when I started.
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Valued Member
United States
446 Posts |
My last time in NY state, I would get two to three per roll. Here in Tucson I see them once in a great while. The only cent box I searched had three Canadian cents.
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Pillar of the Community
United States
996 Posts |
I usually get a few per box roll hunting, the most I ever got was about a dozen in one box. I once saw a whole bunch in the till at a local 7-11 and the cashier was more than happy to let me buy them out. I guess somehow they got a roll of them from the bank.
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Valued Member
United States
61 Posts |
I've been seeing insane amounts of them here in Michigan. It's crazy. Probably because we're so close to Canada.
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Replies: 16 / Views: 2,695 |
Posted 07/07/2013 11:05 am
